Defence Home Owner Scheme $80,000 limit

In some limited extenuating circumstances, if you were entitled under the old Defence Home Owner Scheme (DHOS) but could not apply for your benefits before the scheme closed on 30 June 2010, you might be able to apply for a similar benefit under DHOAS.

If you qualify, you are able to receive the subsidy on an $80,000 subsidised loan limit, paid into an eligible DHOAS home loan. Please see the current maximum subsidy on an $80,000 limit.

The same DHOAS formula is used to calculate the amount of your monthly subsidy, up to the $80,000 subsidised portion of your DHOAS home loan.

That is, your subsidy is 37.5% of the median interest expense on the subsidised portion of your home loan (up to $80,000), over 25 years. This is regardless of your actual home loan period.

The median interest rate that is used is based on the standard variable home loans of major Australian providers, as advised by CANSTAR Pty Ltd, not on your actual home loan interest rate.

The median interest rate can fluctuate each month, which can result in fluctuations to the amount of your monthly subsidy. For the purpose of DHOAS, the rate is capped at 8.95%.